BAGHDAD / Aswat al-Iraq: adviser said the Central Bank of Iraq, on Monday, said Iraq was committed to the liberalization of current account of balance of payments, which prohibits any restrictions on foreign transfers, except anti-money laundering and funding crime and terrorism, stating that the holder of the Iraqi dinar had a right to act how he wants it.
The appearance of Mohammed Saleh told (Voices of Iraq) that Iraq "is committed to the liberalization of current account of balance of payments, according to the rules of the International Monetary Fund Convention, which forbids any restrictions on transfer, except for anti-money laundering and money crime and terrorism," he said, adding that such measures "is the monetary policy to create a liberal atmosphere of the future investment, Fajraj currency will be a free draw to enter again, and if we have restrictions on the exit of the currency will be no freedom of entry. "
Saleh added that, " holder of the Iraqi dinar is the right, which is denominated in foreign currency, and may dispose of it how he chooses," and that under the "economic freedom, which adopts the rules of Iraq's economic practice without restrictions, with the exception of economic crimes."
The Minister of Planning and Development Cooperation Ali Baban, he told Voices of Iraq (VOI) on Monday, the five weekly meetings convened by the Central Bank for the sale and purchase of the dollar is the process of smuggling of Iraqi funds abroad, and that the money smuggled through the auction and the offices of the central banking is the private sector funds for the establishment of successful large-scale projects, most recently in Jordan and Syria.
The adviser said the central bank said the auction mechanism of action, "The auction of the coin is the central charge of the move this money, has three duties, the first is to finance the foreign trade of the private sector and the adaptation of the second level of liquidity and therefore the face of inflationary pressures," the third one is "the lifting of the Iraqi dinar value increased by 25% during the last three years ", which he considered "a major asset for the Iraqi people, lift the purchasing power of the dinar and well-being after the citizen has suffered decades of decline in the value of the dinar."
Saleh said, "We do not deny that the transfers and the rights may not be full of trade, but the rights of citizens can not put restrictions on those rights," because, "holder of the Iraqi dinar is the holder of wealth is the right to act however he wants this wealth." The benefit of that "the issue of distribution of wealth is not the purview of monetary policy," and out of money, "he is subject to security conditions that prevailed in Iraq and fear of people to the citizens their money", in addition to "the presence of immigrants in large numbers, Iraqis, especially the neighboring countries and to determine the conversion process would mean the creation of black markets outside the scope of the law and non-control "
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